Category: Louisiana

Louisiana Additions to Income

There are two entry lines for you to add Additions to Income for the state return. This information is reported on the LA Schedule E- Adjustments to Income.

Interest/Dividend Income from Other States – Reported on Line 2 of Schedule E

Tax-exempt interest and dividend income reported on your federal return are taxable to Louisiana if ALL of the following conditions are met:

You are filing as a resident of Louisiana.

The interest of dividend income is received from obligations of a state or political subdivision of a state other than Louisiana. Obligations of the State of Louisiana, its political subdivisions, or public corporations created by them and their constituted authorities are exempt from Louisiana taxes.

The obligations were purchase on or after January 1, 1980.

Recapture of START Contributions- Reported on Line 2A of Schedule E

Include previously exempted Louisiana Student Tuition Assistance and Revenue Trust (START) contributions that were refunded to you during the tax year by the Louisiana Office of Student Financial Aid.